RNS Number:5833M
Peter Hambro Mining PLC
20 June 2003



20 June 2003


                            PETER HAMBRO MINING PLC


          Completion of Acquisition of Tokur Rudnik and Vendor Placing


Further to the announcement on 12 June 2003, Peter Hambro Mining PLC announces
that the acquisition of the Tokur Deposit mining licence was completed yesterday
and that 6,000,000 new Ordinary Shares of 1p each (the "New Shares") in the
capital of the Company have been allotted and issued and admitted to trading on
AIM.


Following the allotment of the New Shares, the total issued share capital of the
Company now comprises 63,998,594 Ordinary Shares. As a result, the percentage of
the enlarged issued share capital represented by the shareholdings (which remain
unchanged) of Peter Hambro and persons associated with him and of Pavel
Maslovsky and persons associated with him have been reduced to 11.78 per cent.
and 35.70 per cent. respectively.


Enquiries:

Peter Hambro                          Peter Hambro Mining PLC
                                      +44 20 7393 0102

David Simonson/Nicola Davidson        Merlin Financial
                                      +44 20 7606 1244/+44 7711 70 91 70










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